Segall Bryant & Hamill LLC Sells 60,085 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Segall Bryant & Hamill LLC cut its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,078 shares of the real estate investment trust’s stock after selling 60,085 shares during the period. Segall Bryant & Hamill LLC’s holdings in Apple Hospitality REIT were worth $4,913,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after acquiring an additional 133,505 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Apple Hospitality REIT in the 3rd quarter worth approximately $1,067,000. Barclays PLC increased its position in shares of Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after purchasing an additional 229,293 shares during the last quarter. KBC Group NV raised its holdings in Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 2,541 shares during the period. Finally, EMC Capital Management lifted its position in Apple Hospitality REIT by 44,346.3% in the fourth quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 23,947 shares during the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Apple Hospitality REIT Trading Down 1.5 %

NYSE APLE opened at $12.99 on Friday. The stock has a market cap of $3.11 billion, a PE ratio of 15.28 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12 month low of $12.93 and a 12 month high of $16.60. The company’s 50-day moving average price is $14.66 and its 200-day moving average price is $15.07. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. Equities research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company reduced their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.